Tenaris SA

Tenaris has signed a definitive agreement to acquire 100% of the shares in Artrom Steel Tubes S.A. for €86 million on a cash- and debt-free basis. The transaction includes normalized working capital and remains subject to approvals from EU competition authorities and the Romanian government. Closing is expected in the fourth quarter of 2026. Artrom operates plants in Reșița and Slatina with an annual steel capacity of around 450,000 tonnes and a rolling capacity for seamless pipes of up to 200,000 tonnes. According to data, Tenaris has a robust balance sheet with more cash than debt. » Mere på de.investing.com

Tenaris reports Q1 2026 revenue of $3.1bn (+6% year-on-year) and net income of $564m (+22% year-on-year), with EBITDA of $735m and a stable EBITDA margin of 24%. The company holds a net cash position of $3.8bn, carried out $90m in share buybacks and limited Section 232 costs to $110–120m. Tenaris confirms guidance with EPS forecasts of $0.41–0.50 and revenue expectations of $2.9–3.1bn, highlighting operational resilience despite geopolitical tensions in the Middle East. » Mere på de.investing.com

The ADRs of Tenaris reached a new 52-week high of $63.91, after a price rise of around 100% over the past year and 65% year-to-date. Analysts view the stock as undervalued according to InvestingPro and highlight a dividend yield of 3.78%. Tenaris beat Stifel’s Q4 2025 forecasts for revenue by 3.1% and for adjusted EBITDA by 15.5%, prompting Stifel and TD Cowen to raise their price targets. Industry advisers such as Bernstein and Barclays are more positive on the sector overall but point to possible earnings revisions due to regional risks in the Middle East. » Mere på de.investing.com